Smart Investment OpportunitiesWhat You'll Get in NYC for $850,000

What You’ll Get in NYC for $850,000

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New York City continued to host the country’s third least affordable housing market last month, where the median purchase price for a home came in at $900,000. With housing prices still reaching unaffordable levels for many homebuyers, there are still plenty of opportunities to find a worthwhile investment. Potential homebuyers can consider the following five units under $850,000 to find a deal in an expensive market.

230 E 50TH ST #10D Manhattan, NY

PRICE
$825,000
BED
2
BATH
1.5
TYPE
Co-op
NEIGHBORHOOD
Turtle Bay
BOROUGH
Manhattan

Enjoy coming home to this spacious and light-filled unit in Tudor City! This prewar co-op features a wood-burning fireplace, beamed ceilings, and generously-sized windows throughout the unit, creating a welcoming abode for growing families. With great bones and plenty of space, this pet-friendly unit welcomes customizations and remodeling. Residents can appreciate plenty of services and amenities throughout the building, including access to the furnished roof deck, a central courtyard garden, a 24-hour doorman and live-in super, and laundry facilities. This unit lies within steps of Midtown favorites like Central Park, shopping and dining opportunities, and plenty of public transportation options.


269 4th Ave #404 Brooklyn, NY

PRICE
$840,000
BED
1
BATH
1
TYPE
Condo
NEIGHBORHOOD
Central Slope
BOROUGH
Brooklyn

Purchase a one-bedroom condo in Central Slope’s development, Six Garfield. Step through the foyer and into the living space that includes oak flooring, high ceilings, and oversized windows, then appreciate the fine details of the kitchen’s Soho Grey Quartzite countertops and backsplash and Gaggenau appliances. The luxurious bathroom includes a blend of materials like marble, glass, and walnut to create a welcoming oasis for the resident who loves a deep soak in a tub. Residents can continue to experience fine amenities throughout the building, like a state-of-the-art fitness center, roof terrace, lounge, storage, a part-time doorman, and a children’s playroom. This building nestles neatly into the Park Slope neighborhood between Fifth Ave, Prospect Park, and Gowanus’ galleries.


163 Beach 96th Street #3A Queens, NY

PRICE
$799,000
BED
2
BATH
2
TYPE
Condo
NEIGHBORHOOD
Seaside
BOROUGH
Queens

Experience seaside living in this two-bedroom condo in Queens. Floor-to-ceiling windows in the living room welcome plenty of sunlight and offer views of the surrounding neighborhood, and the remainder of the living area features hardwood floors, central heating and cooling, and a kitchen with stainless steel appliances, including a dishwasher. Throughout the unit, owners can appreciate their washer and dryer, two full bathrooms, and outdoor space. The pet-friendly building offers parking opportunities and a roof deck, making it easy to come home from a long day and relax. With a price drop this past summer and a low cap rate of 2.13%, this unit features a bargain for a small family or owner who seeks a home office. Owners will live near public transportation and have easy access to the Atlantic Ocean.


296 East 2nd St #2D Manhattan, NY

PRICE
$850,000
BED
1
BATH
1
TYPE
Condo
NEIGHBORHOOD
Alphabet City
BOROUGH
Manhattan

Spread out throughout this one-bedroom condo in Alphabet City that provides sunlight and privacy. The full-sized kitchen compares to that of a home in a suburban neighborhood, featuring stainless steel appliances, plenty of cabinet space, and a breakfast bar with room for seating. Residents can wander through the living room and appreciate the ten-foot ceilings, then pull back the floor-to-ceiling sliding doors to reveal the bedroom, complete with custom closet space. The unit overlooks a lush garden and provides the perfect escape after a busy day exploring the neighborhood’s dining, shopping, and nightlife. Owners can install a washer and dryer in the pet-friendly condo and utilize building features like an elevator and laundry facility.


375 Lincoln Pl #2I Brooklyn, NY

PRICE
$830,000
BED
2
BATH
1
TYPE
Co-op
NEIGHBORHOOD
Prospect Heights
BOROUGH
Brooklyn

This bright and beautiful two-bedroom co-op synthesizes modern and traditional touches to craft a welcoming home for residents. The renovated kitchen includes stainless steel appliances and plenty of storage and counter space for those who enjoy cooking. Throughout the unit, newly installed white oak floors pair with the light-colored exposed brick in the living room and both bedrooms. Oversized windows and closets provide plenty of sunlight and room for belongings, and the view overlooks tree-lined Lincoln Place. In the building, residents will appreciate the part-time doorman, fitness center, common roof deck, and laundry facilities. Located near neighborhood favorites like the Brooklyn Botanical Gardens and Brooklyn Public Library, the residence also resides close to multiple restaurants, boutiques, and subway lines.

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